Growth
Shibarium Daily Transactions Recover Above Four-Digit Level
Shibarium, the Shiba Inu (SHIB) ecosystem's second layer network, has seen a significant recovery in daily transaction volume, surpassing the four-digit mark. According to the latest data, Shibarium processed 1,142 transactions on October 10, marking a substantial increase from the previous day's 970 transactions. This recovery follows a period of low activity, with the network processing 5,711 transactions on October 6 and dropping to 1,323 on October 7. The recent surge in activity is seen as a positive sign, though analysts note that the current level remains well below the network's monthly average of 1,928 daily transactions. Network utilization, which stands at around 0.027%, indicates that only about one out of every nine blocks contains a transaction, highlighting the need for sustained growth to indicate a lasting recovery in user activity.